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Secured Loan For $16000 Near 80537, Colorado With A Credit Score Of 829

$16000 Secured Loan – Loveland Colorado, Credit Score Of 829

  • Experian: 846 – This client had an excellent Experian score
  • Transunion: 814 – Arvilla had an excellent credit rating with Transunion.
  • Equifax: Arvilla’s Experian score was 829, which is an excellent credit score using the Experian scale.

Arvilla’s Transunion score was changed by the secured loan loan, changing to 814 from 829, which is typical in our experience.

Transunion Score: 814

Personal Loan for an export agent named Arvilla in Loveland, Colorado to Pay Off University of Pennsylvania

Arvilla had a lot of credit card debt on their The Swedish-American Chambers of Commerce, Inc. Visa Platinum Rewards Card and their SMFCU Visa Platinum Rewards Smith Barney Citi PremierPass Card, and they were starting to get in over their heads. Despite Arvilla’s job as an export agent, they struggled to make payments on the $27,000.00 credit card balance, badly needing assistance in the form of a personal loan.

When Arvilla was 20, they tried to obtain a student loan from 7 alternate banks, which harmed their credit rating. Below is a list of Arvilla’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $33,000.00 on November 26, 2011
  • Attempt 2) Loan for $29,000.00 on January 10, 2009
  • Attempt 3) Loan for $33,000.00 on May 11, 2013
  • Attempt 4) Loan for $28,000.00 on May 21, 2012
  • Attempt 5) Loan for $39,000.00 on December 17, 2011
  • Attempt 6) Loan for $37,000.00 on August 7, 2010
  • Attempt 7) Loan for $37,000.00 on April 12, 2009

Fast Loans for Arvilla in Loveland, Colorado to prevent bankruptcy or harm from debt collectors.

Fast loans in Loveland, Colorado aren’t actually that difficult to obtain, especially if you have some finesse like Arvilla. Arvilla was able to find a fast loan for $16000 from Affiliated National Bank – Ault and Affiliated National Bank – Center, but turned down both offers in favor of their secured loan from Colonial Bank. The improvement with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. A big difference in the case that a client is in a time sensitive situation.

Arvilla has a disappointing current total income, but has several of prospects

Arvilla has always wanted to be a public health service officer, but would have to attend University of Puerto Rico – Medical Sciences Campus again to achieve it. Arvilla has other prospects as well, including preschool teacher, biomedical equipment technician, and unemployment inspector, which pay $55,000 through to $107,000 per year, on average. Because of this, we believe that Arvilla can afford this secured loan of $16000.

7 Months in the Past, Arvilla Attempted to Find a High Risk Loan for $48,000.00, and it was Hard

There is an existing struggle for clients to find high risk loans in a safe manner. Many high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Arvilla. Arvilla decided not to obtain a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Individuals with credit ratings as low as 375 can inquire for a high risk loan and may be be accepted.

Installment loan for Arvilla, a graduate of University of Puerto Rico – Medical Sciences Campus and an export agent working for over $66,000 per year

Arvilla, an alumnus at University of Puerto Rico – Medical Sciences Campus and an export agent in Loveland, Colorado wants a secured loan to purchase a house. Arvilla has instead decided to obtain an installment loan for $22,000 and is at present seeking lenders like Fremont National Bank of Canon City to provide it.

Signature Loan found in Loveland, Colorado for $16000 with excellent credit by Arvilla

Many clients struggle with finding signature loans in Loveland, Colorado, and Arvilla is the same. Arvilla went to 8 lenders or more prior to settling on Colonial Bank, who offered Arvilla a signature loan for $16000. Typical signature loans simply require a client, like Arvilla’s signature to get them, up to $29,000 in some cases. Arvilla was able to get $16000 as a secured loan, which is very high for a secured loan. Because signature loans do not require collateral, they tend to need higher credit, as high as 712

Paraphrased and Standardized Quote from Arvilla for this secured loan of $16000, provided by Colonial Bank

Hello, I am Arvilla and my hometown is Loveland in Colorado. Larimer, county is where I grew up, and now I need a secured loan in Colorado for $16000 to renovate my home. It wasn’t easy, but Colonial Bank really came through for me with this loan for 5.1% interest APR and a term of 1 years. I will repay the loan over the 1 year term, including interest. A big thanks to Colonial Bank for trusting me and my excellent credit. It look me 9 years to create my credit to 829, and I won’t tarnish it any future. I am happy with Find Texas Loans for assisting me this far.

Debt Consolidation Will Help Any Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt

Most debt consolidation loans range from $20,000.00 to $57,000.00. They are normally used to pay off existing high interest loans like credit cards. Arvilla needed a debt consolidation loan to pay for their existing secured loan and their credit card. Arvilla was able to find a secured loan in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your bad, high interest loans to a single lower interest loan. Debt consolidation loans generally have interest rates as low as 2.5%.

Before applying for this secured loan, Arvilla had an Experian score of 846, which is excellent, so Colonial Bank most likely cannot provide Arvilla a secured loan

Experian Score: 846

Previous requests on Arvilla’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$14200.00 3 8.1% $445.63 Affiliated National Bank – Delta August 6, 2011
$14220.00 7 6.3% $209.78 Central Bank, National Association July 21, 2012
$14300.00 6 10.3% $267.09 The Colorado Bank and Trust Company of La Junta May 21, 2013
$14160.00 5 6.8% $279.05 Colorado State Bank and Trust, N. A. October 3, 2013

Arvilla was rejected by Colorado State Bank and Trust, N. A. 6 times prior to being accepted by Colonial Bank at 2101 South Garfield Avenue

On July 9, 2013, Arvilla inquired about borrowing $21,000 from Fremont National Bank of Canon City with Rod, their friend from just outside Loveland, and even with the co-signer, Arvilla was rejected for this secured loan. With excellent credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Many other requests for credit have been made by Arvilla in the past, including one from The Teays Valley National Bank in Loveland, Colorado before Arvilla was accepted for the $16000 by Colonial Bank

Arvilla made 4 previous tries to obtain a secured loan, 2 of which were with The Teays Valley National Bank, a lender in Loveland, Colorado known to specialize in secured loans specifically. Before finding Colonial Bank, Arvilla was desperate due to their inexperience and excellent credit score.

Client Profile: Arvilla Rishty of Loveland, Colorado
  • Full name (Changed if requested): Arvilla Rishty
  • Current Credit: loans.hit.utils.Fico@123a439b
  • Current City: Loveland
  • State: Colorado
  • Zip code: 80543
  • Yearly income: $44,000
  • Current Job: export agent
  • Current County: Larimer
  • Goal Yearly Income: $87,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Contact Details for Colonial Bank, the provider of this secured loan

  • Colonial Bank
  • City: Loveland
  • State: Colorado
  • Address: 2101 South Garfield Avenue
  • County: Larimer
  • Zip code: 80537

Arvilla’s Overall FICO score at the time of acceptance for a secured loan, taking into account their export agent job and their future career as a public health service officer

Fico Score: 829

Conclusion of Arvilla’s secured loan

In the end, Arvilla was able to find a secured loan for $16000 with an interest rate of 7.1% interest APR from Colonial Bank in Loveland, Colorado repayable over 1 years from today.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.